Check out the companies which will be in focus during trade today based on recent and latest news developments.
Motherson Sumi: Motherson Sumi Systems, one of the leading automobile component players in the country, will announce its Q4 numbers today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.10,310 crore, growing at 4.6% qoq and 8.8% on yoy basis.
BPCL, IOC, HPCL: Petrol price was on Monday hiked by 83 paise a litre and diesel rate by Rs 1.26 per litre - the second increase in rates this month.
NTPC, Coal India: NTPC Ltd and Coal India Ltd (CIL) on Monday formed a joint venture that will set up two urea factories on the premises of ailing Fertilizer Corporation of India Ltd (FCIL) to help in its revival.
BHEL: BHEL has bagged a Rs.16 billion order from a joint-venture company of NTPC and SAIL to set up a coal-based thermal power project in Odisha.
Piramal Enterprises Ltd: Piramal Enterprises reported a consolidated net profit of Rs.180.24 crore for the March quarter. Business tycoon Ajay Piramal-led Piramal Enterprises has decided to demerge its healthcare and financial services businesses to grow the unrelated divisions separately, marking an important turn in the legacy of the diversified conglomerate.
L&T: Saudi Aramco has awarded a US$1 billion-plus contract to India’s Larsen & Toubro Ltd (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, reports a business daily.
Gujarat Heavy Chemicals Ltd: GHCL has entered the honey market through its FMCG brand i-Flo, reports a business daily. GHCL has roped in Nector Fresh located in Mysuru for Karnataka and other southern states, reports the daily. For spices and sprinklers, the company has an understanding with GT Foods located in Tamil Nadu.
Aurobindo Pharma Ltd: Aurobindo Pharma has received final nod from the US health regulator to manufacture and market its anaesthetic Bupivacaine Hydrochloride injection in the American market.
Voltas: Voltas Ltd.,makers of aircoolers and airconditioners, will announce its financial results for the fourth quarter result today. IIFL estimates the company’s net profit to increase to Rs.120 crore at 1.7% yoy and 121.4% qoq.
Pfizer: Pfizer Inc. will buy Anacor Pharmaceuticals Inc. in a deal valued at $5.2 billion, net of cash, for access to Anacor’s non-steroidal topical gel to treat eczema, as per media reports.
Tata Consultancy Services, Siemens: TCS, a leading global IT services, consulting and business solutions organization, and Siemens, a leading global technology powerhouse, are leveraging their longstanding partnership to expand and enhance the delivery of big data analytics to the global manufacturing industry.
Essar Power, Monnet Ispat: The Government will issue notices to Essar Power for not paying dues to Jharkhand over the Tokisud North coal block and Monnet Ispat & Energy for late payment of upfront fees on a mine it won in auction, a senior official has been quoted as saying by a business daily.
L&T Finance Holdings: L&T Finance Holdings is considering selling stake to a foreign partner, reports a business daily. The non-banking finance company (NBFC) arm of engineering giant Larsen & Toubro (L&T) is also not averse to exiting the business altogether, says the financial newspaper.
Tata Power: The Tata Power is planning to sign $460 mn 5-year refinancing with 19 Lenders, according to reports.
Wipro Ltd: Wipro Ltd has partnered with Xactly for Cloud-based Solutions to help customers improve sales performance and drive growth.
GSK Consumer Health: GlaxoSmithKline Consumer Healthcare Ltd, one of the leading firms in consumer healthcare space in India, will announce its Q4 numbers. IIFL estimates that the company’s net profit is expected to surge to Rs. 201 crore, at a rate of 2.3% yoy and 52.6% qoq.
Tourism Finance Corporation of India: Tourism Finance Corporation of India, financial services company, reported standalone net profit of Rs. 32.47 crore for the quarter ended March 31, 2016, registering growth of 189.21% yoy and 108.56% qoq.
NBCC: The company’s consolidated revenue stood at Rs. 2,313.38 crore, up 108.68% yoy and 69.78% qoq.
Gujarat Fluorochemicals: The company’s consolidated revenue stood at Rs. 2,384.36 crore, up 53.51% yoy and 48.44% qoq.
Symphony: Symphony, one of the leading consumer goods companies in the country, will announce its Q4 numbers today. IIFL estimates the company’s net profit to be at Rs.34 crore, which constitutes a 28.1% drop qoq and 6.1% yoy.
Motherson Sumi: Motherson Sumi Systems, one of the leading automobile component players in the country, will announce its Q4 numbers today. As per IIFL’s forecast, the company is expected to register a net revenue of Rs.10,310 crore, growing at 4.6% qoq and 8.8% on yoy basis.BPCL, IOC, HPCL: Petrol price was on Monday hiked by 83 paise a litre and diesel rate by Rs 1.26 per litre - the second increase in rates this month.
NTPC, Coal India: NTPC Ltd and Coal India Ltd (CIL) on Monday formed a joint venture that will set up two urea factories on the premises of ailing Fertilizer Corporation of India Ltd (FCIL) to help in its revival.
BHEL: BHEL has bagged a Rs.16 billion order from a joint-venture company of NTPC and SAIL to set up a coal-based thermal power project in Odisha.
Piramal Enterprises Ltd: Piramal Enterprises reported a consolidated net profit of Rs.180.24 crore for the March quarter. Business tycoon Ajay Piramal-led Piramal Enterprises has decided to demerge its healthcare and financial services businesses to grow the unrelated divisions separately, marking an important turn in the legacy of the diversified conglomerate.
L&T: Saudi Aramco has awarded a US$1 billion-plus contract to India’s Larsen & Toubro Ltd (L&T) and Singapore-based Emas AMC for the expansion of the offshore Hasbah sour gas field, reports a business daily.
Gujarat Heavy Chemicals Ltd: GHCL has entered the honey market through its FMCG brand i-Flo, reports a business daily. GHCL has roped in Nector Fresh located in Mysuru for Karnataka and other southern states, reports the daily. For spices and sprinklers, the company has an understanding with GT Foods located in Tamil Nadu.
Aurobindo Pharma Ltd: Aurobindo Pharma has received final nod from the US health regulator to manufacture and market its anaesthetic Bupivacaine Hydrochloride injection in the American market.
Voltas: Voltas Ltd.,makers of aircoolers and airconditioners, will announce its financial results for the fourth quarter result today. IIFL estimates the company’s net profit to increase to Rs.120 crore at 1.7% yoy and 121.4% qoq.
Pfizer: Pfizer Inc. will buy Anacor Pharmaceuticals Inc. in a deal valued at $5.2 billion, net of cash, for access to Anacor’s non-steroidal topical gel to treat eczema, as per media reports.
Tata Consultancy Services, Siemens: TCS, a leading global IT services, consulting and business solutions organization, and Siemens, a leading global technology powerhouse, are leveraging their longstanding partnership to expand and enhance the delivery of big data analytics to the global manufacturing industry.
Essar Power, Monnet Ispat: The Government will issue notices to Essar Power for not paying dues to Jharkhand over the Tokisud North coal block and Monnet Ispat & Energy for late payment of upfront fees on a mine it won in auction, a senior official has been quoted as saying by a business daily.
L&T Finance Holdings: L&T Finance Holdings is considering selling stake to a foreign partner, reports a business daily. The non-banking finance company (NBFC) arm of engineering giant Larsen & Toubro (L&T) is also not averse to exiting the business altogether, says the financial newspaper.
Tata Power: The Tata Power is planning to sign $460 mn 5-year refinancing with 19 Lenders, according to reports.
Wipro Ltd: Wipro Ltd has partnered with Xactly for Cloud-based Solutions to help customers improve sales performance and drive growth.
GSK Consumer Health: GlaxoSmithKline Consumer Healthcare Ltd, one of the leading firms in consumer healthcare space in India, will announce its Q4 numbers. IIFL estimates that the company’s net profit is expected to surge to Rs. 201 crore, at a rate of 2.3% yoy and 52.6% qoq.
Tourism Finance Corporation of India: Tourism Finance Corporation of India, financial services company, reported standalone net profit of Rs. 32.47 crore for the quarter ended March 31, 2016, registering growth of 189.21% yoy and 108.56% qoq.
NBCC: The company’s consolidated revenue stood at Rs. 2,313.38 crore, up 108.68% yoy and 69.78% qoq.
Gujarat Fluorochemicals: The company’s consolidated revenue stood at Rs. 2,384.36 crore, up 53.51% yoy and 48.44% qoq.
Symphony: Symphony, one of the leading consumer goods companies in the country, will announce its Q4 numbers today. IIFL estimates the company’s net profit to be at Rs.34 crore, which constitutes a 28.1% drop qoq and 6.1% yoy.
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